Burton Malkiel, Charles Ellis and Jay Vivian Join Rebalance IRA Investment
Advisory Board
Finance Luminaries Bring "Big League" Investment Management to
Everyday Investors
PALO ALTO, CA -- (Marketwire) -- 01/29/13 -- Three important and
respected investment luminaries -- Burton Malkiel, Charles Ellis and
Jay Vivian -- have joined Rebalance IRA's Investment Advisory Board.
Rebalance IRA (www.rebalance-ira.com) manages Individual Retirement
Accounts (IRAs) for clients who have accounts as low as $75,000. With
an innovative business model that leverages advanced technology,
Rebalance IRA provides low-cost, high quality one-on-one retirement
advice using sophisticated investment management methods.
Malkiel, Ellis and Vivian are renowned for creating and implementing
sophisticated investment methods used today by elite pensions and
endowments. Their core ideas include diversifying across multiple
types of assets globally and disciplined portfolio rebalancing. They
also advocate techniques for keeping investment fees extremely low.
These ideas are the basis for the unique service that Rebalance IRA
is now bringing to all investors. The Investment Advisory Board
develops, oversees, and sets policies for the portfolios offered to
Rebalance IRA clients.
Mr. Malkiel is an emeritus Princeton University economics professor
and former board member of Vanguard Group who wrote the classic
investment book, "A Random Walk Down Wall Street." Mr. Ellis, also a
former board member of Vanguard Group, was trustee of Yale
University, where he chaired the investment committee, overseeing the
famed Yale Endowment from 1999 to 2008 and has taught the investment
management course at Harvard Business School. Mr. Vivian was formerly
Managing Director of IBM's Retirement Funds, responsible for $135
billion in IBM investment funds for more than 400,000 employees
worldwide.
"It is a privilege to be the advisory firm that provides access to
Burt, Charley and Jay's 'common sense' judgment to millions of
investors," said Mitch Tuchman, managing director of Rebalance IRA.
"Because of our focus on IRAs, and our model of providing
personalized service, we hope to have a positive impact on helping
many Americans retire with more."
Passionate educators, these men have written extensively about how
current financial services practices work against most investors. One
critical flaw they have noted is that few investors are being advised
by experts to own a low-cost and globally diversified portfolio that
is periodically rebalanced. They joined the Rebalance IRA Investment
Advisory Board to bring these investment methods to a larger group of
Americans saving for retirement.
"There is nearly $5 trillion invested in IRAs," said Mr. Malkiel. "It
is a stunning number, and an area where investors do not get enough
help or support. If IRAs generated the returns of well-managed
pensions, Americans would be earning an additional $125 billion a
year. The fact that this doesn't happen is shameful. IRAs are the
pensions for this generation. It's crucial that everyday investors
get good, objective advice, since retirement now can easily last 20
years or more," he added.
"With ballooning deficits, the government can ill afford to help."
said Mr. Ellis. "Add to that the low returns in IRAs, and we are
starting to create a societal problem as baby-boomers double the
ranks of the retired over the next two decades. If IRAs were
well-managed and their fees were kept low, Americans would feel more
secure about having enough money to retire."
Added Mr. Vivian: "Until the mid-1970s, most working Americans had a
pension plan managed by a professional investment expert. Today, most
people have to manage their own retirement accounts and they don't
get proper guidance, so their returns suffer. It is the everyday
investor who needs more help than ever, and that's why we have joined
the Rebalance IRA Investment Advisory Board -- to help people retire
with more," explained Mr. Vivian.
"The finance industry's high cost structure makes it difficult to
offer personalized advice to the everyday retirement investor. We
have assembled leading technology innovations to make Burt, Charley
and Jay's methods widely available," said Scott Puritz, managing
director, Rebalance IRA.
About Rebalance IRA
Rebalance IRA is an SEC Registered Investment Advisor that manages
client IRA accounts as low as $75,000 at Charles Schwab and Fidelity.
With an innovative business model that leverages advanced technology,
Rebalance IRA provides low-cost, high quality one-on-one retirement
advice using sophisticated investment management methods. For more
information, visit www.rebalance-ira.com.
For the press: Press kit materials are available at
http://www.rebalance-ira.com/press-downloads/
Contact:
Erica Zeidenberg
ezeidenberg@rebalance-IRA.com
925-631-0553